Anthracite Capital to Report Third Quarter 2009 Earnings on November 10

Anthracite Capital, Inc. (NYSE:AHR) (the "Company" or "Anthracite") will report results for the third quarter of 2009 on Tuesday, November 10, 2009. A teleconference call for investors and analysts will be held at 9:00 a.m. (eastern time). Christopher A. Milner, Chief Executive Officer, Richard M. Shea, President and Chief Operating Officer, and James J. Lillis, Chief Financial Officer, will host the call. Anthracite’s third quarter earnings release will be available on the Company’s website, www.anthracitecapital.com, prior to the beginning of the teleconference call.

Teleconference Details

Members of the public who are interested in participating in Anthracite’s third quarter earnings teleconference should dial, from the U.S., (800) 374-0176, or from outside the U.S., (706) 679-4634, shortly before 9:00 a.m. and reference the Anthracite Teleconference Call (number 39786858). Please note that the teleconference call will be available for replay beginning at 1:00 p.m. on Tuesday, November 10, 2009, and ending at midnight on Tuesday, November 17, 2009. To access the replay, callers from the U.S. should dial (800) 642-1687 and callers from outside the U.S. should dial (706) 645-9291 and enter conference identification number 39786858.

About Anthracite

Anthracite Capital, Inc. is a specialty finance company focused on investments in high yield commercial real estate loans and related securities. Anthracite is externally managed by BlackRock Financial Management, Inc., which is a subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK), one of the largest publicly traded investment management firms in the United States with approximately $1.435 trillion in global assets under management at September 30, 2009. BlackRock Realty Advisors, Inc., another subsidiary of BlackRock, provides real estate equity and other real estate-related products and services in a variety of strategies to meet the needs of institutional investors.